KOENIGSWINTER, Germany (Reuters) -The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt. The once-booming island country has suspended debt payments as it grapples with its worst …
G7 backs debt relief efforts for Sri Lanka – draft communique Read More »
By Leigh Thomas and Francesco Canepa KOENIGSWINTER, Germany (Reuters) -The Group of Seven’s financial leaders agreed on Thursday on $18.4 billion to help Ukraine pay its bills in coming months and said they were ready to stand by Kyiv throughout its war with Russia and do more if needed, a draft communique showed. Finance ministers …
G7 agree on $18.4 billion to keep Ukraine running, ready with more Read More »
By Brenda Goh SHANGHAI/BEIJING (Reuters) – More Shanghai residents were given the freedom to go out to shop for groceries for the first time in nearly two months on Thursday as authorities set out more plans for exiting the city-wide COVID-19 lockdown more fully. The commercial hub of 25 million recorded no new infections outside …
Some in Shanghai allowed out to shop; end of COVID lockdown in sight Read More »
(Reuters) – China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday. Brazil, Russia, India and China initially formed the bloc in 2009, with South Africa joining in 2010. “China proposes to start the …
China says it wants to expand BRICS bloc of emerging economies Read More »
(Reuters) – An International Monetary Fund virtual mission to Sri Lanka is expected to conclude technical talks on a potential IMF loan program to the crisis-wracked South Asian country on May 24, Fund spokesman Gerry Rice said on Thursday. Rice, speaking to a virtual IMF briefing, said the IMF monitoring political and economic developments in …
IMF says Sri Lanka talks conclude May 24, monitoring developments closely Read More »
TOKYO (Reuters) – Japanese business news group Nikkei Inc. said on Thursday its Singapore unit had been hit with a ransomware attack. Unauthorized access of a server at Nikkei Group Asia Pte was first detected on May 13 and the server might have contained customer data, the company said in a statement. (Reporting by Rocky …
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TAIPEI (Reuters) – Taiwan expressed “dissatisfaction and regret” over the World Health Organization’s failure to invite it to attend an upcoming annual assembly in Geneva, amid diplomatic pressure from China to isolate the island. The WHO had ignored Taiwan’s repeated requests to be allowed to attend the World Health Assembly (WHA), scheduled for May 22-28, …
Taiwan says WHO ignoring requests for observer status at assembly Read More »
By Josh Smith SEOUL (Reuters) – At the top of South Korean President Yoon Suk-yeol’s agenda for his first summit with U.S. President Joe Biden this weekend will be strengthening American “extended deterrence” against North Korea, according to Yoon’s security advisers. The term means the ability of the U.S. military, particularly its nuclear forces, to …
Explainer-Why U.S. nuclear deterrence tops S.Korea’s agenda for Biden summit Read More »
By Hyonhee Shin SEOUL (Reuters) -North Korea is ramping up production of drugs and medical supplies including sterilisers and thermometers as it battles an unprecedented coronavirus outbreak, state media KCNA said on Thursday. The isolated country, which has imposed a nationwide lockdown, is also increasing production of traditional Korean medicines used to reduce fever and …
N.Korea boosts production of drugs, medical supplies to battle COVID Read More »
By Michelle Nichols UNITED NATIONS (Reuters) -U.N. Secretary-General Antonio Guterres said on Wednesday that he is in “intense contact” with Russia, Ukraine, Turkey, the United States and the European Union in an effort to restore Ukrainian grain export as a global food crisis worsens. “I am hopeful, but there is still a way to go,” …
U.N. chief in talks on restoring Ukraine grain exports amid global food crisis Read More »
